For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.
The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks.
What if you'd invested in ATI (ATI) ten years ago? It may not have been easy to hold on to ATI for all that time, but if you did, how much would your investment be worth today?
ATI's Business In-Depth
With that in mind, let's take a look at ATI's main business drivers.
Pittsburgh, PA-based ATI Inc. is a diversified specialty materials producer. The company was created in November 1999 when Allegheny Teledyne spun out Teledyne Technologies and Water Pik Technologies into standalone companies.
ATI originally had three main business segments: Flat-Rolled Products (FRP), High Performance Metals and Engineered Products. However, the company, in October 2013, announced the restructuring of its Engineered Products segment.
The restructuring includes the integration of the specialty steel forgings business into ATI Ladish’s forgings operations in the High-Performance Metals and Components division and the integration of the precision titanium and specialty alloy flat-rolled finishing business into ATI Allegheny Ludlum’s specialty plate business in the Flat-Rolled Products segment. Other businesses that comprised the Engineered Products division have been classified as discontinued operations, including the tungsten materials business and the iron castings and fabricated components businesses.
ATI completed the sale of its tungsten materials business to Latrobe, PA-based wear-resistant products company Kennametal Inc. for $605 million.
The company started operating under two revised business segments: High-Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S), effective Jan. 1, 2020.
The AA&S segment (46% of 2024 sales) is focused on delivering high-value flat products, mainly to the energy, aerospace, and defense end-markets that account for around 50% of its revenues. It combines the Specialty Alloys & Components business with the company’s former FRP business segment that included the FRP business, the 60%-owned STAL joint venture and the Uniti and A&T Stainless 50%-owned joint ventures.
The HPMC segment (54%) consists of specialty materials and forged products businesses and ATI Europe distribution operations. The segment is primarily focused on maximizing aero-engine materials and components growth. Nearly 80% of its revenues are derived from the aerospace and defense markets.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For ATI, if you bought shares a decade ago, you're likely feeling really good about your investment today.
A $1000 investment made in January 2016 would be worth $12,976.55, or a 1,197.65% gain, as of January 30, 2026, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
The S&P 500 rose 259.18% and the price of gold increased 363.68% over the same time frame in comparison.
Analysts are forecasting more upside for ATI too.
Earnings estimates for ATI Inc. for the fourth quarter have been going up over the past month. The company isbenefitingfrom strong momentum in the aerospace anddefensesectors. ATI is actively implementing measures to ensure its sustainability amid a challenging economic landscape. The company isin the process of finishingseveral self-funded capital projects to help augment organic growth and its cost structure. However, the company is exposed to challenges caused by demand weakness in certain markets. If supply chain issues persist, the orders dependent on Airbus and Boeing might not be realized. Lower cash levels mayadversely impactthe company's ability to meet its debt obligations.
The stock is up 6.06% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 1 higher, for fiscal 2025. The consensus estimate has moved up as well.
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ATI Inc. (ATI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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